Easy Crypto Brazil Review
What is Easy Crypto Brazil?
Easy Crypto Brazil is a crypto platform with operations in five different countries: Brazil, New Zealand, Australia, South Africa and Nigeria. This is a review of the Brazilian version of the platform. Easy Crypto Brazil was founded in 2020 but the "real launch" was in September 2021. Easy Crypto Brazil does however belong to a larger Easy Crypto-company group. The first Easy Crypto platform went live in 2018.
Easy Crypto Brazil Advantages
As main advantages with the platform, the platform itself states four different points. First, they guarantee the safety of your funds. They don't go into detail on how they specifically do this, but they promise that they do on their website. Second, they highlight that you can use automatic recurring orders to employ dollar-cost-averagig strategies and the like. Third, they highlight that you can do crypto swaps, and fourth and finally, they emphasize that you as a trader can use Easy Crypto Brazil's educational resources to learn more about cryptocurrencies and cryptocurrency trading.
Easy Crypto Brazil Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.
Easy Crypto Brazil's purchase interface gives you the option to insert the exact amount of BRL (Brazilian Real) that you wish to spend or the amount of BTC you wish to buy. This purchase interface makes it very easy to understand if you’re new to crypto, yet it might not offer all the advanced buy/sell features more experienced traders look for. Here’s a peek at Easy Crypto Brazil’s interface:
It is worth noting here that out of the five different countries in which this platform has operations, only one of them also offer a more advanced trading view, and that is Easy Crypto in New Zealand.
Easy Crypto Brazil Fees
Easy Crypto Brazil Trading fees
This particular platform is more a cryptocurrency store than a cryptocurrency exchange (although they also offer crypto swaps). This makes it difficult to compare the fees charged by Easy Crypto Brazil with the industry average trading fee at a regular centralized exchange (0.221% for takers and 0.178% for makers), seeing as Easy Crypto Brazil offers another type of service than most centralized exchanges do.
Easy Crypto Brazil charges a variable rate each trade. The fee indication is 1.00%, but it can be both higher and a lot lower. If someone wants to see the fee for each trade, they can do so by hovering over the "Information"-section showing up with the quote. It looks like this:
To conclude on the trading fees, there are definitely cheaper ways to obtain crypto around the world than through using the Easy Crypto Brazil platform. Easy Crypto Brazil's advantages are speed and convenience, rather than price.
Easy Crypto Brazil Withdrawal fees
There are exchanges out there that charge low trading fees but then hit you on your way out with high withdrawal fees. This exchange, however, does not charge any withdrawal fees at all - not even the network fee!
According to the latest empirical study that we have performed on Cryptowisser.com, the global industry BTC-withdrawal fee is 0.00053 BTC per withdrawal. Not charging any withdrawal fees at all is a very competitive feature that we applaud Easy Crypto Brazil for having. Good work!
Deposit Methods and US-investors
Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.
Easy Crypto Brazil does not allow US-investors on its exchange. So if you’re from the US and would like to engage in crypto trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange List and use our exchange filters, you can sort the exchanges based on whether or not they accept US-investors.
Easy Crypto Brazil does in fact accept fiat currency deposits. Payment can be made via local bank transfers through PIX Payment and TED Payment. Credit card deposits are however not yet available, but "coming soon". That the platform at all accepts fiat currency payments makes Easy Crypto Brazil an entry-level exchange, where a new crypto investor can take his/her first steps into the exciting crypto world.